The Olympic Club Foundation

Analysis

The Olympic Club Foundation is a registered charity in United States, based in San Mateo, CA. It received its IRS tax-exemption ruling in August 1992, 34 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Olympic Club Foundation reported income of $1.6m and spending of $1.5m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.6m to $1.6m (-65%), an average of -23% a year. The sharpest change came in the year to December 2020, when income dropped by 78%. Over the whole period it spent 58% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Olympic Club Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include His Way at Work ($1.6m), Commission for Jewish Education of Greater Youngstown ($1.6m) and Royal Divinity Industries Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $249k (16% of expenses). Other salaries and wages came to $142k. At year end it held assets of $6.6m against liabilities of $79k, net assets of $6.5m. It reported 3 employees.